Petrochemicals are chemical compounds derived from hydrocarbons, mainly crude oil and natural gas

 

Petrochemicals
Petrochemicals

Although many of the same chemical compounds can also be obtained from other fossil fuels like coal and natural gas or from renewable sources like corn, sugar cane, and other types of biomass, petrochemicals are chemical products that are derived from petroleum. Processing of oil and related petroleum gas in multiple phases is necessary for petrochemical production. Products from the refining of petroleum oil are important raw materials in the petrochemical industry. Ethylene, propylene, and benzene are examples of petrochemical products. Also included are source monomers for synthetic rubbers and inputs for technical carbon. After several refinement processes, the second-level products produced from crude oil are petrochemical and petroleum products.

Petrochemicals are a component of our societies' fabric and can be found in a wide range of contemporary products. Petrochemicals are used to create countless everyday items, including clothing, tyres, digital gadgets, packaging, detergents, and many more. 12% of the world's oil consumption is made up of petrochemical feedstock, and this percentage is expected to rise due to rising demand for plastics, fertilisers, and other goods. Despite its size, the sector continues to be underrepresented in the discussion of global energy. As part of the IEA's ongoing investigation into energy blind spots, or significant areas of energy demand that don't receive the attention they merit from policymakers.

The Future of Petrochemicals examines the sector's place in the current global energy system and how its significance for both the environment and global energy security is expected to grow. In addition, it charts a course for a different scenario that is in line with the UN Sustainable Development Goals while investigating enabling technologies and approaches and evaluating their effects on energy demand.

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